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Bankrupt Britain Needs to Tap Into North Sea Oil Gold, Says Donald Trump

Trump said opening the North Sea could bring free energy for 500 years, while Swinney pressed for a fairer oil tax regime.

  • On Monday, First Minister John Swinney urged the Government to replace the Energy Profit Levy with a fair tax system, warning the current regime harms investment and jobs in Scotland.
  • Prime Minister Andy Burnham faced pressure from Trump to open the North Sea, with Trump claiming the country is "sitting on top of gold" and could become wealthy by tapping fossil fuels.
  • Trump argued North Sea oil could provide energy for 500 years, while criticizing Europe's reliance on "Windmills," which he described as money-losing ventures causing high energy prices.
  • Despite Labour's General Election pledge against new North Sea licenses, Burnham told Trump the country "can't ignore" available resources, signaling a potential policy shift from the campaign promise.
  • Energy Secretary Miatta Fahnbulleh confirmed existing licenses remain "part of the mix," as the Government faces pressure to approve the Jackdaw and Rosebank projects pending regulatory review.
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Western Morning News broke the news in Somerset, United Kingdom on Monday, August 3, 2026.
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